HONG KONG, CHINA--(Marketwire - Mar 28, 2013) - SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) ("SouthGobi" or the "Company") today announced the appointment of Bertrand Troiano as its Chief Financial Officer.
Mr. Ross Tromans, President and CEO of SouthGobi said, "I am pleased to announce the appointment of Bertrand Troiano as SouthGobi's new Chief Financial Officer and a member of the senior executive team. Bertrand brings a wealth of experience to his new role, having a strong familiarity with the mining industry. He has a broad set of financial and operating skills to lead our finance team. All of us at SouthGobi look forward to working with Bertrand as we focus on strengthening the Company's core business performance and realizing Ovoot Tolgoi's production potential."
Mr. Troiano's appointment is effective April 8, 2013 and he and his family will be based in Hong Kong.
Mr. Troiano, 39, began his career in corporate banking with BNP-Paribas in Japan and has spent the past 13 years in finance roles in the mining and metal industry. During this time, he worked for Pechiney, Alcan and Rio Tinto in the United States, the Netherlands and Canada. Prior to joining SouthGobi, Mr. Troiano was Finance Director for Rio Tinto Alcan's Business Development, Major Projects and Technology group. He has a Master's degree in Business from Ecole Superieure de Commerce de Paris and holds an MBA from Columbia University in New York and London Business School.
About SouthGobi Resources
SouthGobi Resources is listed on the Toronto and Hong Kong stock exchanges, in which Turquoise Hill Resources Limited, also publicly listed in Toronto and New York, has a 58% shareholding. Turquoise Hill took management control of SouthGobi in September 2012 and made changes to the board and senior management. Rio Tinto has a majority shareholding in Turquoise Hill.
SouthGobi Resources is focused on exploration and development of its metallurgical and thermal coal deposits in Mongolia's South Gobi Region. It has a 100% shareholding in SouthGobi Sands, the Mongolian registered company that holds the mining and exploration licences in Mongolia and operates the flagship Ovoot Tolgoi coal mine. Ovoot Tolgoi produces and sells coal to customers in China.